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congress authorized the printing of $60 million of demand notes. Although these notes did not have gold or silver backing they were declared legal tender.
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in 1863 government issued gold certicates paper currency backed by gold placed on deposit with United States Treasury
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government introduced silver certificates paper currency backed by silver dollars on reserve with the treasury.
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federal government printed the fifth, and last. type of paper currency issued before banking system was overhauld
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congress passed gold standard act which monetary standard under which the basic currency unit is equal to and can be exchanged for a specific amount of gold
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congress created the nations first true central bank
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president roosevelt announced a bank holiday a brief period during which every bank in the country was required to close
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monetary standard under which the fiat money supply cannot be converted into gold or silver by its citizens
